Samsara Inc. (NYSE:IOT – Get Free Report) major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of Samsara stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total transaction of $5,160,489.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Samsara Stock Performance
IOT opened at $46.44 on Friday. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of -98.81 and a beta of 1.53. The company has a fifty day moving average of $50.49 and a 200 day moving average of $42.60. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51.
Institutional Trading of Samsara
Several hedge funds have recently made changes to their positions in IOT. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the period. Private Trust Co. NA raised its stake in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after buying an additional 250 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after purchasing an additional 304 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after buying an additional 388 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Samsara
Samsara Company Profile
Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.
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